RE:RE:IKN comments on Marimaca Copper CorporationNo, I don't its shady at all. I think he is jumping at shadows, and has got himself a little confused. Yesterday there was a comment at the bottom of the article that sums up way:
"You are confusing the 2019 MRE with the 2020 PEA which have different input costs. One would expect the 2020 PEA costs (based on quotes and bottom up estimates) to be more representative compared to costs used in an MRE (2019)."
2022 MRE costs are more reflective of the 2020 PEA which superseded the costs used in the 2019 MRE.
He has ended up comparing apples with oranges himself. The figures he is using for his base-case (2019 MRE) are out of date and nolonger relevent, as the PEA 2020 (which was fully costed with industry quotes) provided updated and much more reliable figures.